Today, Mississauga City Council approved the 2019 – 2022 Business Plan and 2019 Budget. The impact of the budget is an $83.08 increase on the City’s portion of the property tax on an average residential property valued at $645,000 or $12.88 per $100,000 of assessment.“This year’s budget proves that Mississauga is working. We have a solid financial plan that will allow us to invest in our City while providing the quality local services our residents have come to rely on,” said Mayor Bonnie Crombie. “We heard from our residents what was most important to them and designed our budget accordingly. From investing in public transit and safety, to better managing traffic signals to improving housing affordability, this year’s budget makes strategic investments while ensuring programs and services continue to be delivered in a cost-effective manner. Over the past decade, we have saved taxpayers nearly $55 million and this year, we are projected to save an additional $3 million. I want to thank our dedicated staff, my Council colleagues and our community for working together to help lay the groundwork for Mississauga’s bright and promising future.” In 2019, Mississauga residents will see more transit service hours, additional transit security and public safety and more proactive fire prevention education. This is in addition to road, traffic and other infrastructure improvements, winter road maintenance, recreation programs, libraries and parks. “Service excellence, fiscal responsibility and continuous improvement are key elements of our business planning and budgeting activity,” said Janice Baker, City Manager and Chief Administrative Officer. “This, combined with the expertise and professionalism demonstrated by our staff, helps us build on our progress and advance our city building priorities. We have realized $3.1 million in cost savings in this budget. This is equivalent to reducing the City tax levy by 0.6 per cent.” Highlights of the 2019 Business Plan and Budget:
- The total increase in Mississauga’s residential property tax will be 2.90 per cent. The increase includes 1.56 per cent for City services and 1.34 per cent for Region of Peel services.
- The City advances on its Strategic Plan in 2019 by adding approximately $9.9 million worth of new services, including:
- 31,000 additional MiWay service hours
- increased investment in transit enforcement and public safety
- continued redevelopment of the Small Arms Inspection Building, the City’s newest arts and cultural facility
- Council did not approve the University of Toronto Mississauga (UTM) Capital Funding Levy of $1 million in the 2019 Budget.
StormwaterThe 2019 Stormwater Program operating budget, excluding transfers to reserves, is $11.96 million. Highlights of the business plan include development of a comprehensive asset management plan, infrastructure improvements, flood relief improvement projects and community outreach activities. The Stormwater Charge rate for 2019 is $106.1 per stormwater billing unit. For more details on the City’s budget and the budgeting process, visit mississauga.ca/budget.